Whitney does skizopost about Bitcoin because she doesn’t understand it, her writing partner Mark Goodwin does understand it though - read him. It’s not about a fiat-backed Bitcoin. It’s about a release valve for US Treasuries to cover the US debt. Stablecoins can be that debt absorber. The US won’t go CBDC which was the path Pocahontas was trying to take them down; it will go stablecoins. Print debt and have Tether and Circle absorb it, don’t be surprised if Trump creates his own USD stablecoin. Inflate Bitcoin and hold it on the US balance sheet to counter the debt burden and dollarise the world through stablecoins taking the debt on to their books.

Makes sense I guess if people like Rug Pal want to hold stable coins. I certainly have never found a usecase for them.